As compared with Q4 FY21, the company's net profit and net sales are higher by 95.4% and 46.4%, respectively.

Profit before tax in Q1 FY22 stood at Rs 142.34 crore, up by 30.7% from Rs 108.91 crore in Q1 FY21. Current tax expenses rose by 12.7% YoY to Rs 36.46 crore during the period under review.

The scrip advanced 6.52% to hit the day's high at 459.90, which is a record high for the counter.

Sumitomo Chemical India manufactures chemical products. The company offers agricultural chemical and crop protection products. It serves customers worldwide.